Industry Developments

The future looks bright for a return to normality for Libya's oil and gas sector, with production surging ahead and a renaissance in exploration in the offing. However, the risks for... 2012-03-07

South Korea's national oil company has formally concluded an oil development deal with Abu Dhabi, a year after a preliminary agreement was first struck.

Ghana's proposed oil supply deal with China's Unipec points to closer ties between Accra and Beijing. The deal will see Ghana secure the funding it needs to develop its domestic infrastructure.

BMI View: Nigeria's oil production is approximately 1mn b/d lower than it could be due to instability in the Niger Delta, according to state-owned NNPC. Although the security situation... 2012-03-05

Rumours of a pipeline blast in Saudi Arabia's Eastern province saw oil prices spike to new 2012 highs. While prices subsequently retreated after Saudi authorities speedily reassured... 2012-03-02

New US and EU sanctions on Iran are beginning to force importers to seek substitute supplies. China's Unipec is the latest to agree a deal with Libya's national oil company that could... 2012-03-01

BMI View: The start up of the 180,000b/d Usan fields marks another West African success for Total and is indicative of the company's growing deepwater expertise and ability to meet... 2012-02-28

Statoil's Zafarani-1 discovery underlines the huge gas potential offshore East Africa. Tanzania remains some way behind Mozambique in the race to commercialise these resources but the... 2012-02-27

Angola's national oil company Sonangol has joined the long list of investors forced to exit Iran's upstream segment due to the difficulties of project development created by Western... 2012-02-27

The Ghanaian parliament's approval of the loan agreement for the Western Corridor Gas Project (WCGP) comes just a few weeks after gas shortages from Nigeria were announced. The limited... 2012-02-27